Connect with us

Business

Craziest Chart in Crypto Shows Billions of Dollars Set to Pour Into Bitcoin, Says Top Analyst – The Daily Hodl

A leading crypto analyst says the rapid expansion of one of largest digital assets by market cap is a remarkably bullish sign for Bitcoin.

Published

on

post featured image

A leading crypto analyst says the rapid expansion of one of the largest digital assets by market cap is a remarkably bullish sign for Bitcoin.
The highly-cited pseudonymous analyst, known in the industry as Filbfilb, says the $10.9 billion rise of Tether (USDT) in 2020 suggests traders are storing their capital in the dollar-pegged stablecoin as they prepare to buy BTC.
The analyst notes USDT expansion which has been on the rise since the coronavirus-related market crash in March has historica…

Click here to view the original article.